Among the institutions and policies that have been created to support developing countries are?
Correct answer: D. All of the above
- A. the world Bank
- B. the international Monetary Fund
- C. The Generalized System of Preferences
- D. All of the above
Explanation
The World Bank and IMF provide financial and developmental support, while the Generalized System of Preferences gives eligible developing countries better access to markets. Thus, all three support developing economies in different ways.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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